| In the last 2 weeks, there have been a number | | | | less similar backgrounds- they were rich |
| of reports, articles and interviews in the | | | | industrial countries that followed free |
| Asian Media about the creation of Asian | | | | market economic system. On the other hand, in |
| currency unit (ACU), a single Asian currency. | | | | AEAN+3 group of countries, Japan and Korea |
| By going through these articles, I could | | | | are rich industrial countries. Malaysia can |
| understand one thing that ACU will not take | | | | be included in this category and even now |
| place anytime soon, not even in the next 5 | | | | China is here. But courtiers like Myanmar, |
| years- the earliest time I see is 2015. | | | | Cambodia and Laos have hardly any significant |
| ASEAN+3 group of countries are behind the | | | | industry and they have still agriculture |
| idea of ACU and soon these countries are | | | | based economy. The economic prosperity of |
| going to start a research project about | | | | Brunei is based on its selling of gas to |
| ACU.Well, I am not in favor of calling it as | | | | Japan.More than economic diversity, political |
| 'Asian Currency Unit' as it is mainly limited | | | | diversity is the major cause of concern. |
| to some East Asian countries and all the | | | | During the Second World War, Japan occupied |
| countries of South Asia, Central Asia, Middle | | | | many of the countries in this region and war |
| East and West Asia are left out in it. | | | | time memories still create very bitter |
| However, the same goes for Euro too as most | | | | passion in China and Korea about Japanese |
| of the European countries are still not | | | | occupation during the Second World War. So, I |
| included.Brunei, Cambodia, Indonesia, Laos, | | | | really like to see how these countries can |
| Malaysia, Myanmar, Philippines, Singapore, | | | | adjust to a common currency. And, I also like |
| Thailand, Vietnam, Japan, South Korea and | | | | to observe the political leaders and common |
| China belong to ASEAN+3. I do not know why | | | | people about the tough adjustments they have |
| they are leaving the rest of Asia behind. No | | | | to make for ACU. Especially, the tragic |
| doubt, that Japan. Korea, Malaysia and | | | | memories the 1997 financial crisis are still |
| Singapore have the best economies in Asia and | | | | fresh in the mind of the people.It seems that |
| China is now a huge economic giant. So, this | | | | too much expectation is in the air among |
| may be one reason of leaving alone the rest | | | | ASEAN+3 countries about ACU. However, the |
| of Asia as most of the countries in the rest | | | | ground reality is completely different and |
| of Asia do not have modern economic system. | | | | there is hardly anything now to feel |
| Well, on the other hand, Laos, Myanmar and | | | | optimistic about the creation of ACU in near |
| Cambodia have weak economies.The road to ACU | | | | future.Related Article |
| will be surely of an economic reforms and | | | | |
| adjustment for these 13 countries. The | | | | Ahmed is a professional blogger and |
| European countries who took the initiative of | | | | freelance writer. He mainly writes on Asian |
| forming a single currency (Euro) had more or | | | | economy. |